The shares of preferred stock issued by saturn corporation can be exchanged for common stock. however, any dividends in arrears are lost. which of the following features are present in the preferred stock issued by saturn?

select all answers that apply to this question.

convertible

redeemable

cumulative

noncumulative

eyecare corporation issued 10,000 shares of 7%, $100 par value preferred stock at the beginning of year 1. the company did not pay dividends in year 1. however, preferred stockholders received dividends for year 1 and year 2, when the company declared dividends in year 2. preferred stockholders also have the option, under specified conditions, to return their shares for a predetermined price. which of the following features are in present the preferred stock issued by eyecare?

select all answers that apply to this question.

convertible

redeemable

cumulative

noncumulative